According to various rumors, Bitcoin is closely following Ethereum's results. And this is because the second largest cryptocurrency after bitcoin a couple of months ago migrated its mining algorithm to PoS, several experts say that Bitcoin will also do so in the very short future. And this is basically due to the fact that because bitcoin is becoming more and more popular, the algorithm used by Bitcoin PoW generates many expenses for its extraction, ranging from large electrical expenses to high cost in mining equipment.
What do you think, algorithm migration is a solution for the high consumption of the PoW algorithm or not?
In this crypto ecosystem, people just like to speculate without having any evidence backing their speculation. Personally, I don't really see Bitcoin changing its proof of work algorithm to proof of stake. The only possible thing I see happening is a modification of the proof of work algorithm that might help in terms of the energy used by processors and graphic cards in solving a transaction made on the blockchain network.